FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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Securities and Exchange Commission Chair Mary Jo White is proposing a host of reforms for…
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The Financial Industry Regulatory Authority has warned its member firms that claiming IRA are free…
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While market bulls are understandably cheering the ongoing equity rally off of 2009 lows, the…
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Smart beta funds are one of the hottest trends on Wall Street and are generating…
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A recent Government Accountability Office report maintains that 401(k) providers…
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The Department of Housing and Urban Development has changed principal…
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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FINRA ordered an ex-advisor to pay $541,722 in compensatory damages to UBS, his former firm, after he failed to repay 11 promissory notes as required when he resigned. So reports Think Advisor.
UBS had requested that Jason Lee Seifert repay $582.257 in damages and $120,000 in attorney’s fees.
Seifert denied UBS’ allegations and actually requested substantial sums from the company. He said the firm made “substantial errors and misrepresentations” during his transition to UBS from his prior employer. Seifert had requested $3.55 million in compensatory damages, as well as another $764,000 in exemplary damages.
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